Rob
What he is talking about is the Medicare portion of SS. Medicare premiums
are adjusted based upon ones AGI. Mine have been impacted over the past 3
years because of significant W2 G's.
J. T.
_____
From: vpFREE@yahoogroups.com [mailto:vpFREE@yahoogroups.com] On Behalf Of
rob.singer1111@yahoo.com
Sent: Monday, February 20, 2012 3:33 PM
To: vpFREE@yahoogroups.com
Subject: Re: [vpFREE] Re: DIAD (long and probably too much info for most)
How do SS payments change when you are getting W2G's? They are not figured
into the formula for determining how much a person receives for their SS
benefit unless you file as a business, ie, professional gambler. Are you
also working?
I know AGI affects people who get W2G's, but I've never heard of that making
a $4000 win translate it into costing them anything net.
____________________
From: "lfcmja@verizon.net <mailto:lfcmja%40verizon.net> "
I recently turned 65 and saw my SS benefits drop in spite of the recent cola
increase, due to a higher AGI caused by my casino W2G's.
[Non-text portions of this message have been removed]
